Reply #6: The components of capitalism have been warped

[DaveJ]

I'm not a huge expert on the terminology involved so I looked up the dictionary definition of the word:

Capitalism
"An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market."

In regard to "privately or corporately owned," there is less and less opportunity for the little guy to join the business world these days so more and more is becoming corporate. I think our economic system has lost its "capitalism-integrity" when private ownership is taken out.

In regard to the word "development," are the biggest profit makers really the biggest developers? I don't think so. That is in fact the biggest problem we face.

It seems fair that development should be proportional to wealth, but it would be easy to contend otherwise. There are a lot of people who become wealthy who really develop nothing. What does "development" mean in this context?